Beginning of year 10,000,000 shares Issued on April 1 500,000 shares Split 2 for 1 on July 1 Issued on October 1 100,000 shares Split 2 for 1 on December 31
Outstanding all year 10,000,000 × 2 × 2 × 1 40,000,000 Outstanding for 0.75 years 500,000 × 2 × 2 × 0.75 1,500,000 Outstanding for 0.25 years 100,000 × 2 × 0.25 50,000 Weighted average number of shares for year: 41,550,000
Outstanding all year
10,000,000 × 2 × 2 × 1
40,000,000
Outstanding for 0.75 years
500,000 × 2 × 2 × 0.75
1,500,000
Outstanding for 0.25 years
100,000 × 2 × 0.25
50,000
Weighted average number of shares for year:
41,550,000
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